BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the size of global 5-gallon water bottles market size at USD 7.03 billion in 2021. BlueWeave expects global 5-gallon water bottles market size to grow at a steady CAGR of 4.1% during the forecast period between 2022 and 2028, reaching a value of USD 9.22 billion by 2028. Portability, ease of use, and quick delivery at reasonable prices are key factors influencing the demand for 5-gallon water bottles and services across the globe. Shortage of drinking water in many areas requires reliable sources to meet the rising demand for safe drinking water. It, in turn, is forecast to drive global 5-gallon water bottles market in the coming year.
The global market for 5-gallon water bottles is growing due to increasing demand for filtered, contaminant-free drinking water and convenient exchange and refill facilities in developed regions. As direct human contact between people decreases, the distribution of infrared sensors is quickly gaining ground and driving the market adoption trends for water dispensers. According to forecasts, the market for water dispensers has recently favored versions that are both useful and affordable. Vendors on e-commerce platforms are working hard to create innovative strategies to boost sales of water dispensers and meet the increasing demand.
Global 5-Gallon Water Bottles Market – Overview
Five-gallon water jugs, unlike single-use water bottles, are easily recycled and reused regularly. Drinking from reusable five-gallon water bottles is preferable to single-use bottles. It is easier to recycle one large bottle than a hundred smaller ones. Many water companies will refill or recycle empty bottles. This reduces waste while also ensuring that safe bottled drinking water is always available. A water dispenser will make using a 5-gallon water jug easier. This will make it simple for anyone to obtain the water they require at any time. There is no need to lift that heavy jug just to fill a small cup or saucepan with water.
One of the key factors driving the growth of the global 5-gallon water bottle market is the rising consumer awareness of water safety and quality due to the increase in water-borne diseases around the world. Additionally, in many water-scarce countries, government initiatives through various campaigns and partnerships, are assisting in raising awareness about the use of safe drinking water. All these elements support the expansion of the global 5-gallon water bottle market.
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Growing awareness about water safety and quality among people across globe
Increasing consumer awareness about water safety and quality, owing to rising water-borne diseases across the globe, is one of the major growth factors of global 5-gallon water bottles market. Besides, government initiatives through various campaigns, and tie-ups in many water-scarce countries are helping spread awareness regarding the benefits and usage of safe drinking water. All these factors are expected to contribute to the growth of 5-gallon water bottle market across the regions.
Challenge: Harmful effects of using plastic bottles
Harmful effects of using plastic in 5-gallon water bottles owing to the presence of chemicals, such as bisphenol A (BPA), can cause neurological diseases and behavioral problems among children. The chemicals used in plastic bottle manufacturing are poisonous and hazardous to the human body. Chemicals, such as lead, cadmium, and mercury may come directly into contact with humans. These toxins can cause cancers, congenital disabilities, problems with the immune system, and problems with childhood growth. However, the growing adoption of alternate PET and other forms of 5-gallon bottle manufacturing material may lower the harmful effects of plastic bottles.
Impact of COVID-19 on Global 5-Gallon Water Bottles Market
Lockdowns due to COVID-19 pandemic across the countries adversely affected global 5-gallon water bottles market. Water dispenser production was temporarily halted due to the lockdowns. Meanwhile, increased awareness about COVID-19 spurred the demand for safe bottled drinking water. It resulted in increasing use of 5-gallon water bottles. Manufacturing firms were hampered by lower product demand and component supply disruptions. Furthermore, many countries experienced curfew-like situations in which businesses (except critical utilities) were not permitted to operate, which harmed the market for 5-gallon water bottle services and water dispensers, resulting in a decrease in demand for devices and services.
Global 5-Gallon Water Bottles Market – Segmental Information
Global 5-gallon water bottles market has Households, Commercial Offices, and other segments based on end users; Offline and Online segments based on distribution channel; Water Exchange and Water Refill segments by service type; and Top-loading and Bottom-loading segments by dispenser type. During the forecast period, the top-loading dispenser type segment is expected to hold a higher market share in the Global 5-gallon water bottles market.
Competitive Landscape
Global 5-gallon water bottles market is fiercely competitive. Prominent players in global 5-gallon water bottles market include Primo, Dasani, Aquafina, Agthia’s, Danone, Costco, Nestle, Brio, Glaceau Smartwater, Poland Spring, Fiji Water, Ozarka, Perrier, Évian, Hamilton Beach, and Midea Group. These companies use various strategies, including increasing investments in their R&D activities, mergers and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in global 5-gallon water bottles market.
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